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    Unique Property Near Bull Shoals Title is generated by Realmo AI

    932 State Hwy HH, Isabella, MO 65676

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    Two homes, large shop, and acreage near Bull Shoals Lake.

    Type:Multifamily
    Property size:
    1,224 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $277/SF
    Added:
    Mar 25, 2026
    Days on Market:
    50
    Last Refresh:
    Mar 25 at 8:58 pm

    Property Features for 932 State Hwy HH

    General Information

    Standard status
    Active
    Size
    1,224 SF
    Lot size
    2.00 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Laurie Nissen
    Laurie Nissen

    Listing agent Laurie Nissen License #MO 1999023128

    Listing office Ozark Kountry Realty

    Listing date Mar 25, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Ozark Kountry Realty

    HighLights

    • Two homes on 2+ acres, each with its own well and sewer.
    • Large 48x60 shop with concrete floor and electric, suitable for RV and boat storage/repair.
    • Minutes from Bull Shoals Lake, offering fishing and recreational opportunities.
    • New 30‑year architectural roofs on both homes and detached garage.
    • No restrictions, allowing for various business or residential uses (boat shop, bait & tackle, etc.).
    • Close proximity to Theodosia Golf Course.

    Overview

    This unique property spans over 2 acres and is located within minutes of Bull Shoals Lake. It features two homes, one of which is a ranch-style home with 2 bedrooms and 1 bathroom. This home has a new 30-year architectural roof, and is slated to receive new fascia and gutters, touched-up and glazed windows, new kitchen flooring, and refinished hardwood floors. It is equipped with gas heat and three window AC units. Each home has its own well and sewer. The second home is currently being remodeled. A detached 2-car garage also has a new architectural roof. Additionally, there is a large shop, approximately 48x60, with a concrete floor and electric, suitable for RV and boat storage. The property offers potential for various business uses, such as a boat shop or repair facility, or a camp area. Other possibilities include a bait and tackle shop. According to the seller, there are no restrictions on the property. A 90-foot sunken hole is located behind the shop along the fence line. The property is located close to the Theodosia Golf Course, offering opportunities for fishing, hunting, and enjoying the Ozarks. New 30-year architectural roofs have been installed on both homes and the detached garage. A 2-car carport is included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Building Supply Dental Office Hotel & Motel Travel Agency Bed & Breakfast (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Isabella
    County
    Ozark
    State
    Missouri
    Longitude
    -92.6016
    Latitude
    36.5826

    FAQs

    What type of property is this?
    Duplex - Two homes, large shop, and acreage near Bull Shoals Lake.
    Where is this duplex located?
    The property is located at 932 State Hwy HH Isabella, MO.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: Two homes on 2+ acres, each with its own well and sewer.; **Large 48x60 shop with concrete floor and electric, suitable for RV and boat storage/repair.**; Minutes from Bull Shoals Lake, offering fishing and recreational opportunities.
    (417) 293-5729 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Laurie Nissen
    Laurie Nissen
    Real Estate License ID: MO 1999023128
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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